Machine Condition Monitoring Market worth $4.0 billion by 2027 - Exclusive Report by MarketsandMarkets™
China is projected to account for the major share of the machine condition monitoring market in Asia Pacific from 2022 to 2027.
- China is projected to account for the major share of the machine condition monitoring market in Asia Pacific from 2022 to 2027.
- Factors such as ongoing industrialization, the rising requirement for replacing aging plant equipment, and increasing adoption of preventive maintenance activities by manufacturing firms push the growth of the machine condition monitoring market in China.
- Emerson Electric (US), General Electric (US), Honeywell International (US), National Instruments (US) and SKF (Sweden) are some of the key players operating in machine condition monitoring market globally.
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